Situated in the heart of Hollywood, 805-809 N. McCadden Place presents a rare opportunity to acquire a character-rich 7-unit multi-family asset with significant upside potential. Originally built in 1941, the property blends timeless architectural charm with meaningful system and interior upgrades, offering investors both stability and future value creation. The… Read More property consists of a well-balanced unit mix, with 5 of the 7 residences thoughtfully remodeled to feature upgraded wainscoting, hardwood flooring, and enhanced finishes throughout. Five units also include central air conditioning, while select residences offer in-unit laundry for added tenant convenience. The remaining two units provide an ideal opportunity for future renovation and rental growth.Operational eciencies are enhanced as tenants pay all utilities, helping minimize owner expenses. Additional capital improvements completed by previous owner-contractor include updates to five electrical panels, while the roof is approximately 15 years old per seller. Further distinguishing the asset are three separate 2-car garages, presenting a compelling value-add opportunity for potential ADU conversions(buyer to verify). The property's existing layout, garage infrastructure, and desirable Hollywood location position it well for an investor seeking long-term appreciation and additional income potential. Located moments from some of Los Angeles' most vibrant dining, entertainment, and employment hubs, 805-809 N. McCadden Place offers a unique combination of current cash flow, historic charm, and future development opportunity in one of the city's most dynamic rental markets. Read Less
Property listed by Keller Williams Realty Los Feliz, Stacey Boucher 323-300-1000
Listing Snapshot
Days Online
27
Last Updated
Beds
2
Square Ft.
3,874
Lot Size
0.17 Acres
Year Built
1941
MLS Number
26834997
Additional Details
Appliances & Equipment
Microwave, Refrigerator, Dryer, Washer
Building
Built in 1941, Living area: 3874.0, 1 building, 2 stories, Levels: One
Heating
Central
Income
Gross Income: $177,420, Net Operating Income: $162,420
Lot
0.1665 acres
Parking
DoorMulti, Garage
Taxes
Parcel Number: 5524004011, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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